“We are focused on driving market share growth in our core
businesses through integrated domain and technology services, while
investing for the future in building differentiated Digital
capabilities. We will leverage our strong culture of innovation and
extremely talented employee pool to build compelling value propositions
for our customers.”

Performance for the quarter ended December 31,
2015T K Kurien, Member of the Board & Chief
Executive Officer of Wipro, said – “We delivered Revenues in line
with our guidance. We saw a pick-up in large deal closures led by Global
Infrastructure Services. It is becoming increasingly clear that
customers want to simplify operations and optimize their IT spend while
investing in Digital to transform their business. We are well-positioned
to take advantage of this trend.”

Abidali Z. Neemuchwala, Chief Executive Officer-Designate of Wipro,
said – “We are focused on driving market share growth in our core
businesses through integrated domain and technology services, while
investing for the future in building differentiated Digital
capabilities. We will leverage our strong culture of innovation and
extremely talented employee pool to build compelling value propositions
for our customers.”

Jatin Dalal, Chief Financial Officer of Wipro, said – “During the
quarter, we have built competitive differentiation through the
acquisition of two high-potential companies – cellent and Viteos. The
impact on revenues from the Chennai floods were minimized significantly
by strong execution of our robust Business Continuity Plans (BCP). The
additional expenses incurred in deploying BCP impacted operating margins
for the quarter.”

Outlook for the Quarter ending March 31, 2016We
expect Revenues from our IT Services business to be in the range of $
1,875 million to $1,912 million*.

* Guidance is based on the following exchange rates: GBP/USD at 1.50,
Euro/USD at 1.07, AUD/USD at 0.72, USD/INR at 66.13 and USD/CAD at 1.37

IT ServicesThe IT Services
segment had a headcount of 170,664 as of December 31, 2015. We added 39
new customers during the quarter.

Effective January 1, 2016, Wipro completed the transaction announced on
December 2, 2015 to acquire cellent AG, a leading IT consulting and
software services company in the DACH region of Germany, Austria and
Switzerland.

On December 23, 2015, Wipro announced that it has signed a definitive
agreement to acquire Viteos Group, a BPaaS provider for the Alternative
Investment Management Industry.

Wipro sustained its momentum in winning Large Deals globally as
described below:

Wipro has entered into a multi-year global infrastructure support
engagement with one of the largest medical devices companies in the
world. Wipro will standardize and simplify the customer’s IT
infrastructure across multiple service lines and in over 90 countries.

A leading global nutrition, health and wellness company has selected
Wipro to enable the migration of a significant portion of its global IT
applications estate to a hybrid cloud. As part of the engagement, Wipro
will provide IaaS (Infrastructure as a Service), PaaS (Platform as a
Service), an integrated hardware-software-services stack, and
billing-metering-chargeback in a completely outcome-based model.

A large global retailer has selected Wipro as its quality engineering
partner. Wipro will help develop a new operating and financial model
that will allow the customer to accurately forecast its quality
engineering spends and optimize costs, while driving continuous
improvements in the quality and time-to-market of its offerings.

Wipro has won a large contract from a European general insurance
multinational for provisioning and managing the company’s infrastructure.

A leading security solutions manufacturer, headquartered in the Nordic
region, has selected Wipro to transform its IT infrastructure. As part
of the five-year agreement, Wipro will leverage its Boundaryless
Datacenter offering and will consolidate the customer’s existing data
centers and implement a cloud-based-services model, including IaaS
(Infrastructure as a Service) and PaaS (Platform as a Service).

An Australia-headquartered manufacturing sector customer has awarded a
five-year strategic, IT-as-a-service contract to Wipro. Wipro will have
the end-to-end responsibility of running the customer’s IT operations
and enabling the transformation of the existing IT estate to a
next-generation digital-ready landscape. The new consumption-based model
will enable the customer to be more agile, reliable and competitive
while launching new products and services.

Wipro has been selected to help a global bank establish and operate its
new digital platform, across 50 markets. With global scale and a blend
of strategy, design and engineering capabilities, Wipro’s agile teams
will help support consistent customer experience, underpinned by
continuous delivery across this new digital platform. Wipro will
reinvent the onboarding process for customers, help improve sales
conversion rates and reduce operational costs.

Wipro has won a multi-year deal from a large bank to enable omni-channel
self-service by digitizing service processes and leveraging new age
digital technologies. This will help the bank provide superior customer
experience while reducing costs, in the form of lower call volumes.

Wipro will be augmenting the in-house team of a market leader in the
automotive space, with telematics domain skills and advanced engineering
expertise for their telematics program.

Designit has been selected by a leading South American bank to work on
designing an entirely new banking concept and experience, targeted to
create the next-generation banking experience for customers who are
usually not attracted to traditional banking offerings anymore.

For a major German telecommunications brand, Designit has been assigned
to create future smart Product-Service-Experiences using artificial
intelligence and similar emerging technologies.

For a leading European energy provider, Designit has been selected to
design an innovation process to better facilitate the company’s
investments into technology start-ups and to effectively drive the
integration of acquired start-ups into the client’s own organizational
portfolio.

Cloud highlightsOur Cloud
applications business is seeing a good traction in the market. In the
quarter ending December 31, 2015 we engaged with several clients to
design and deploy their enterprise processes leveraging industry leading
SaaS products. A few marquee engagements include Cloud CRM processes
rationalization for a UK-based gas and utility major, simplification of
lead & opportunity management processes for a leading US based equipment
rental company, modernization of a B2B order management system for a
leading chemicals supplier company, design and deployment of recruitment
processes for a business process outsourcing enterprise, implementation
of performance and goal management processes for an American satellite
service provider and transforming the source-to-pay process for an
global pharmaceutical and consumer packaged goods major.

Awards and accoladesWipro
continued to lead the ‘Global Engineering and R&D Service Providers
(GSPR) Rating 2015’ by Zinnov Management Consulting for the sixth
consecutive year. The Zinnov study evaluated more than 75 R&D service
providers across the world in 15 major industry segments across key
parameters like product development capabilities & innovation, client
relationships, human capital, financials, ecosystem linkages,
infrastructure, and business sustainability.

Wipro has been positioned as a “Leader” in the IDC MarketScape:
Worldwide Life Science Manufacturing and Supply Chain 2015 vendor
assessment for services in all the 3 service categories of strategic
consulting, ITO and BPO.

Wipro has been recognised as a “Leader” by leading global analyst firm
Everest Group, in the Healthcare Payer Digital IT Services PEAK Matrix
Assessment 2015. This reaffirms our growing capabilities in the
Healthcare Digital space.

Wipro has also been featured as a “Star Performer” in the Everest Group
Healthcare Provider IT Services PEAK Matrix Assessment 2015. This
reflects Wipro’s large scale and deeper client relationships, technology
capability and investments in tools, platforms, and a global delivery
presence in the Healthcare Provider space.

Wipro has been recognised as a “Leader” in the Gartner Magic Quadrant
for Application Testing Services, Worldwide for the second consecutive
year.

Wipro has been positioned in the 'Winner's Circle' of HfS Blueprint
Report on Trust-as-a-Service 2015. The report covers the market view of
Digital Trust and Security Framework, the Digital Trust Maturity Scale,
and the As-a-Service Economy.

Wipro has won 8 awards at the seventh Annual Golden Bridge Business and
Innovation Awards Ceremony including the Grand Trophy Award for being
the overall winner with maximum impact. Wipro was recognized for its
innovations in API Management and Solutions, Information Technology
(Software), Mobile Innovative Products or Services, Business Process
Management and Application Development.

Please refer to the table on page 7 for reconciliation between IFRS IT
Services Revenue and IT Services Revenue on a non-GAAP constant currency
basis.

About Non-GAAP financial measuresThis press release
contains non-GAAP financial measures within the meaning of Regulation G
and Item 10(e) of Regulation S-K. Such non-GAAP financial measures are
measures of our historical or future performance, financial position or
cash flows that are adjusted to exclude or include amounts that are
excluded or included, as the case may be, from the most directly
comparable financial measure calculated and presented in accordance with
IFRS.

The table on page 7 provides IT Services Revenue on a constant currency
basis, which is a non-GAAP financial measure that is calculated by
translating IT Services Revenue from the current reporting period into
U.S. dollars based on the currency conversion rate in effect for the
prior reporting period. We refer to growth rates in constant currency so
that business results may be viewed without the impact of fluctuations
in foreign currency exchange rates, thereby facilitating
period-to-period comparisons of our business performance.

This non-GAAP financial measure is not based on any comprehensive set of
accounting rules or principles and should not be considered a substitute
for, or superior to, the most directly comparable financial measure
calculated in accordance with IFRS, and may be different from non-GAAP
measures used by other companies. In addition to this non-GAAP measure,
the financial statements prepared in accordance with IFRS and the
reconciliation of these non-GAAP financial measures with the most
directly comparable IFRS financial measure should be carefully evaluated.

Results for the quarter ended December 31, 2015, prepared under IFRS,
along with individual business segment reports, are available in the
Investors section of our website www.wipro.com.

Quarterly Conference CallWe will hold an earnings
conference call today at 11:00 a.m. Indian Standard Time (12:30 a.m. US
Eastern Time) to discuss our performance for the quarter. An audio
recording of the management discussions and the question and answer
session will be available online and will be accessible in the Investor
Relations section of our website at www.wipro.com.

About Wipro Limited (NYSE: WIT)Wipro Ltd. (NYSE:WIT) is a
leading information technology, consulting and business process services
company that delivers solutions to enable its clients to do business
better. Wipro delivers winning business outcomes through its deep
industry experience and a 360 degree view of "Business through
Technology.” By combining digital strategy, customer centric design,
advanced analytics and product engineering approach, Wipro helps its
clients create successful and adaptive businesses. A company recognized
globally for its comprehensive portfolio of services, strong commitment
to sustainability and good corporate citizenship, Wipro has a dedicated
workforce of over 160,000, serving clients in 175+ cities across 6
continents.

Forward-looking statementsThe forward-looking statements
contained herein represent Wipro’s beliefs regarding future events, many
of which are by their nature, inherently uncertain and outside Wipro’s
control. Such statements include, but are not limited to, statements
regarding Wipro’s growth prospects, its future financial operating
results, and its plans, expectations and intentions. Wipro cautions
readers that the forward-looking statements contained herein are subject
to risks and uncertainties that could cause actual results to differ
materially from the results anticipated by such statements. Such risks
and uncertainties include, but are not limited to, risks and
uncertainties regarding fluctuations in our earnings, revenue and
profits, our ability to generate and manage growth, intense competition
in IT services, our ability to maintain our cost advantage, wage
increases in India, our ability to attract and retain highly skilled
professionals, time and cost overruns on fixed-price, fixed-time frame
contracts, client concentration, restrictions on immigration, our
ability to manage our international operations, reduced demand for
technology in our key focus areas, disruptions in telecommunication
networks, our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which we make strategic investments,
withdrawal of fiscal governmental incentives, political instability,
war, legal restrictions on raising capital or acquiring companies
outside India, unauthorized use of our intellectual property, and
general economic conditions affecting our business and industry.
Additional risks that could affect our future operating results are more
fully described in our filings with the United States Securities and
Exchange Commission, including, but not limited to, Annual Reports on
Form 20-F. These filings are available at www.sec.gov.
We may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
company’s filings with the Securities and Exchange Commission and our
reports to shareholders. We do not undertake to update any
forward-looking statement that may be made from time to time by us or on
our behalf.

Weighted average number of equity shares used in computing
earnings per equity share

Basic

2,457,766,859

2,457,022,905

2,457,022,905

2,457,491,867

2,456,551,992

2,456,551,992

Diluted

2,469,323,243

2,462,220,926

2,462,220,926

2,468,262,835

2,461,282,411

2,461,282,411

Additional Information

Segment Revenue

IT Services Business Units

BFSI

29,177

32,322

489

85,653

95,595

1,444

HLS

13,247

14,719

222

36,713

41,453

626

RCTG

16,005

19,158

289

45,951

54,650

826

ENU

18,637

17,708

268

53,792

52,949

800

MFG

20,718

22,683

343

59,721

66,769

1,009

GMT

15,661

16,557

250

45,933

47,932

724

IT SERVICES TOTAL

113,445

123,147

1,861

327,763

359,348

5,429

IT PRODUCTS

7,740

6,503

98

24,552

20,119

304

RECONCILING ITEMS

(334

)

(134

)

(2

)

(847

)

(577

)

(9

)

TOTAL

120,851

129,516

1,957

351,468

378,890

5,724

Segment Result

IT Services Business Units

BFSI

7,035

7,199

109

19,904

21,147

320

HLS

2,981

3,188

48

7,534

8,991

136

RCTG

3,255

3,809

57

9,648

10,211

154

ENU

4,262

3,436

52

13,483

10,745

162

MFG

4,228

4,142

63

12,630

13,270

201

GMT

3,438

3,093

47

10,696

8,928

135

OTHERS

-

-

-

583

-

-

UNALLOCATED

(458

)

(47

)

(1

)

(1,606

)

759

11

TOTAL IT SERVICES

24,741

24,820

375

72,872

74,051

1,119

IT PRODUCTS

89

(505

)

(7

)

316

(574

)

(9

)

RECONCILING ITEMS

(796

)

(441

)

(7

)

(2,321

)

(1,292

)

(19

)

TOTAL

24,034

23,874

361

70,867

72,185

1,091

FINANCE EXPENSE

(810

)

(1,423

)

(22

)

(2,687

)

(4,298

)

(65

)

FINANCE AND OTHER INCOME

5,035

6,227

94

14,383

17,663

267

PROFIT BEFORE TAX

28,259

28,678

433

82,563

85,550

1,293

INCOME TAX EXPENSE

(6,228

)

(6,248

)

(94

)

(18,369

)

(18,679

)

(282

)

PROFIT FOR THE PERIOD

22,031

22,430

339

64,194

66,871

1,011

Segment result represents operating profits of the segments and
dividend income and gains or losses (net) relating to strategic
investments, which are presented within “Finance and other income”
in the statement of Income.

The Company is organized by the following operating segments; IT
Services and IT Products.

The IT Services segment primarily consists of IT Service offerings
to our customers organized by industry verticals as follows:
Banking, Financial Services and Insurance (BFSI), Healthcare and
Life Sciences (HLS), Retail, Consumer, Transport and Government
(RCTG), Energy, Natural Resources and Utilities (ENU),
Manufacturing (MFG), Global Media and Telecom (GMT). Starting with
quarter ended September 30, 2014, it also includes Others which
comprises dividend income and gains or losses (net) relating to
strategic investments, which are presented within “Finance and
other income” in the statement of Income. Key service offering to
customers includes software application development and
maintenance, research and development services for hardware and
software design, business application services, analytics,
consulting, infrastructure outsourcing services and business
process services.

In the IT Products segment, the Company is a value added reseller
of desktops, servers, notebooks, storage products, networking
solutions and packaged software for leading international brands.
In certain total outsourcing contracts of the IT Services segment,
the Company delivers hardware products, software licenses and
other related deliverables.

Reconciliation of Non-GAAP Constant Currency IT Services
Revenue to IT Services Revenue as per IFRS ($MN)

Three Months ended December 31, 2015

Three Months ended December 31, 2015

IT Services Revenue as per IFRS

$

1,838.3

IT Services Revenue as per IFRS

$

1,838.3

Effect of Foreign currency exchange movement

$

19.8

Effect of Foreign currency exchange movement

$

69.9

Non-GAAP Constant Currency IT Services Revenue based on exchange
rates of previous quarter

$

1,858.1

Non-GAAP Constant Currency IT Services Revenue based on exchange
rates of comparable quarter in the previous year

$

1,908.2

For the convenience of the reader, the amounts in Indian Rupees in
this release have been translated into United States Dollars at the
noon buying rate in New York City on December 31, 2015, for cable
transfers in Indian rupees, as certified by the Federal Reserve Board
of New York, which was US $1= Rs 66.19. However, the realized exchange
rate in our IT Services business segment for the quarter ended
December 31, 2015 was US$1= Rs 66.99

Refers to ‘Profit for the period attributable to equity holders of the
company’

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